According to a press statement, the healthcare payments and pricing business Zelis have finished buying Payer Compass, which offers reimbursement and claims pricing, administration, and processing solutions for healthcare companies.
Zelis will be able to broaden its clientele’s access to healthcare services outside of its network as a result.
Amanda Eisel, CEO of Zelis, stated, “We’re happy to conclude the purchase of Payer Compass and merge our organizations. “Zelis is on a mission to improve the financial experience of healthcare for everyone, and the potent mix of our personnel and technology advances us in reaching that purpose.”
Payer Compass CEO Greg Everett also expressed his company’s “excitement” at joining Zelis and extending its reach and service to healthcare payers and their members.
“This is a chance to improve healthcare pricing rationale.”
Zelis and Payer Compass intend to use cutting-edge technology and “best-of-breed methodologies” to create pricing strategies that will be compatible with customers’ escalating healthcare expenditures.
At the time, Eisel stated that by combining our resources, “we’ll have the people, technology, and shared enthusiasm to achieve additional savings for our clients and continue to favorably affect healthcare’s escalating costs and complexity.”
Additionally, it happened after Zelis also bought Sapphire Digital, a platform for healthcare consumer digital navigation, patient access, provider selection, and price transparency.
According to Eisel at the time, the purpose of the acquisition was to give clients options to “harmonize the full healthcare payment process by pricing, paying, and discussing healthcare.”
Through the integration of payments and communication with Sapphire’s consumer navigation capabilities, the Sapphire acquisition was promoted as a solution to assist Zelis in streamlining its operations.
In 2019, Zelis combined its payment systems with those of RedCard Systems, which aided in the development of a platform for healthcare optimization.
